259 Division St Cobourg ( Ontario, CA - K9A 3P9) Built

$2,580,000

Sutton Group-Admiral Realty Inc., Brokerage

Marvin Newman Marvin Newman (416) 739-7200 (Office) (647) 891-3336 (Cell) (416) 739-9367 (Fax) Request More Info

  • Type: Commercial
  • Style: Retail
  • Lot Size: 10725 sq. ft. 100ft x 165ft "100 ft X 165 ft"
  • Taxes: $29,673.30 (2023)
  • MLS ® #: X7220820
  • Basement: Yes "Y"

Description

Downtown Cobourg mixed-use plaza! This corner property features 4 commercial units and 6 residential units (3 x 2 bdrm 3 x 1 bdrm). Long term stable commercial anchor tenants. Excellent curb appeal with over 100 ft of frontage on Division St, Easy management either continue with current management company or manage it yourself. Total of 21 parking spaces (17 owned and 4 leased from the Town) and backs onto Cobourg downtown free municipal parking lot. Solid brick constructions with basements for potential income opportunity. Stabilized net income over $12K a month. Seller would consider financing to qualified buyer with a sufficient downpayment. The Listing Agent will be doing collective showings.

Highlights

  • Cooling: Air Conditioning
  • Heating: Gas Forced Air Closd
  • Area Influences: Public Transit
  • 2 of the 6 residential units recently updated collecting higher rents. Potential to continue to improve income on the remaining 4 residential units
  • Freestanding
  • Sewer/Water Systems: Water Source: Municipal
P2#1398886599
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Information is deemed to be correct but not guaranteed.

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